New York Markets After Hours

NYSE changes stock, compensation plans for ArcaEx deal

DavidWeidner

NEW YORK (MarketWatch) -- The New York Stock Exchange will allow its membership to choose a bigger component of cash or stock when the company goes public sometime next year, its chief executive said Thursday in anticipation of a federal filing that discloses the plan. Under the plan, the 1,366 seatholders will be able to take more than the $300,000 originally promised, or get more stock in the NYSE Group Inc. Chief Executive John Thain also said the NYSE is creating a $50 million pool of restricted stock that will be granted to employees. The stock will vest over a three-year period.

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